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the economy went down to defeat in the house of representatives. >> the legislation has failed -- >> i'm very disappointed in today's vote. >> to the democrats and republicans who oppose this plan yesterday, i say, step up to the plate. >> investors panicked, the dow dropped 777 points. the biggest single day point loss to date. >> this is what brought us to the brink of collapse. >> wow. all because annie went and got a house that he could not afford? >> $1.2 trillion in market value wiped out in one day. it's really psychological at this point. >> congress quickly reconvened and four days later on october 3rd, it passed the $700 billion troubled asset relief program. >> congress has agreed to a broad deal that authorizes the treasury secretary to start releasing money to free up the credit systems. that may have been the last time persons witnessed bipartisan compromise on something that really mattered in washington. four years later and on the eve of another election, voters are being asked, are you better off than you were then? the answer is yes because it was that bad. but how much bet
on everyone without losing revenue, we get more revenue because we continue will glow the economy, these kinds of pro growth tax reforms, ronald reagan and tip o'neill did it, we are proposing it that a pro growth sleuth t solution to gete back to work. neil: left out but a remarkable insight was a added come about what happens when you remove credits and exemptions and special allowances, the same thing that ronald reagan did in 1986, idea, making sure those who dodge taxes pay something in taxes, something ryan, said he is open to do emany conservatives in the party, say, any time do you that, it is a kin to raising taxes, ryan draws a major ca to take in what pat buchanan, on this fast moving development. what do you make of this. >> when i was ai i a kid was tha saying that rich pay more than anyone else but everyone contributes there is concern that you hear 47% or 49% are not paying income taxes at all. let me say with regard to what ryan talking about. if you drop rate from 35 to 28, you have to cut or cap interest deductions, for state and local income taxes, and there is a relucreluct
president obama. but mitt isn't having it, trying to get ohio voters to the right by focusing on the economy. >> with incomes going down, every year, every year going down, down, down. prices of electricity up and health insurance up and the cost of gasoline, having doubled, these are tough times. even for families with jobs. i know what it takes to get this economy going again. cheryl: so what would a tax plan under a romney/ryan administration look like? rich edson breaks it down for us. rich? >> reporter: well, cheryl, democrats call it a giveaway to the rich at the expense of the middle class. republicans say they're wrong, and this morning governor romney defended his tax plan. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. by bringing rates down, we'll be able to let small businesses keep more of their money to hire more people. >> in the end the details are really up to congress. romney's proposed cutting every tax rate by 20%. to insure the treasury department takes in about the same amount of money under a new system,
to do something like this? >> i think it would be a reference back. because the economy takes all the oxygen out of the election with a little bit of foreign affairs, the supreme court does not play against undecided voters. it is a motivator to get out and get to the polls. you want this person to replace justice ginsberg when she retires for example. you want to know if there's any practical experience, and the obama at the lustration has declined to defend the defense of marriage act. present romney might decide he would defend the constitutionality of that statute. it does seem like that has a lot of salience and presidential debates. i.t. think it will not happen. here is why. no major national political figure has attacked as publicly since 1996 or before. it is remarkable. the republicans were seeing some political profit in attacking affirmative action given the polls. they do not do it anymore. john kerry said maybe it is time to stop these racial preferences. the democratic leadership council was inching down that road. that is all gone. this is why we get so demonized i
such difficulty, you know, in the economy because of federal reserve policy. likelihood of hearing this, very very slim. and maybe seeing how would you balance a budget? in our campaign we had a precise plan of cutting a trillion dollars and balancing the budget in three years. you know, we're in this horrendous crisis and neither one of them are going to say anything, oh, maybe we ought to cut something. there's no proposal to cut anything. it's also tinkering around with massive automatic increases and the american people are starting to wake up and realize it is all fiction and they are not serious. connell: congressman paul, thanks as always. >> thanks. connell: fox business network, beginning at 8:00 p.m. eastern live from denver, neil cavuto will be on the next hour to talk about the debate. neil cavuto. dagen: the economy will be a big focus of tonight's debate. adp the payroll processing firm came out earlier this morning and reported that 162,000 private sector jobs were added last month. more than expected. to weigh in on that, and the debate, the head of u.s. interest rate strategy at u
influential figures in the nation on the economy join us here on cnbc. >> we've got representative and hopeful ron paul with us. texas, from texas. he is of course outspoken about the federal reserve policies. robert reich is here with us tonight. also with us grover norquist. the man behind the no new taxes pledge so many republicans made. and bob lutz a former top auto executive. the auto bailout expected to be a big topic tonight. and we've got president of the aflcio. unions of course a major constituency. and roger altman. as you can see the lineup card is full. going to be great. >> absolutely. meantime our chief washington correspondent john harwood has made the trip to denver. what are you watching first tonight? >> what i'm watching for is how mitt romney takes advantage of this huge opportunity that he's got with tens of millions of americans watching these two side by side. he's behind in the polls, but not by an overwhelming margin. three points in our nbc/wall street journal poll. i talked to devine who was the campaign strategist for al gore. when gore lost the election, in the d
the real economy is very important to us. in missouri we have a strong industrial rail process where you have a lot of goods across our state. we have work to improve the system, get rid of bottlenecks. for example, the osage river where we are now in the process of building a bridge that we can get another land we don't have slowdowns. the first step is to make sure we don't get slowdowns so when we look to more possibilities for passenger rail travel, that we have a system to deliver on time. so we're looking at that. we've also worked with illinois because anybody that looks at the bigger picture of our country will see getting the first step from chicago to st. louis is never going to attract the resources for high-speed rail across their state. that's why we worked with the state of the one i and others to get the initial project completed, while at the same time working to improve our network here for on-time efforts. you know, all of that is part of a long-term transportation focus that will continue to provide us a competitive economy. >> dave spence. >> i think it sounds great i
slow growth, durable goods, going down a cliff, and suggesting an economy that is stumbling. let's bring in mary kissel. >> thank you for having me. speak to a new economic patriotism. what does that mean? should we buy american or not criticize the economy because it's un-american? >> it means that you should buy the argument that he is not the one responsible for the economy that we have now. he wants you to think any focus on the future and not the present. it is really quite an amazing advertisement. ashley: when you look at the numbers, they are not particularly good. you would think that they should play right into the hands of mitt romney, but he doesn't seem to be taking advantage of it. it suggests, the pulls through, that mr. obama is extending his lead remark there is certainly a lot to you can take issue with. he going to devalue the dollar little further? give tax breaks to companies he is taking credit, he wants to spend more taxpayer money on infrastructure, math and science, ashley, where people who buy it. ashley: what's interesting is that he has managed to fra
say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben beanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more tan $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper late fees. are we in a recession right here, right now? our own peter barne
output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing to comply with a 2009 ruling. that ruling had on ordered the company to offer user as choice of web browsers. apparently they may not have done that. if guilty, microsoft could face fines of up to 10% of its global revenues. and that would be a lot of money. >> iran still, we're this close to nuclear -- think our unfunded labels are like 60 trillion or something. europe back in the crapper, but the refs. huh? >> i told you, i don't always like unions. i'm actually happy that the refs union won. >> it does provide a release from some of the travails and the worries of every day life. spoorts is spor
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
the economy likely added 155,000 private payroll jobs this month. we'll bring you the number and get you instant reaction from joel prakken. in corporate news, richard schultz is pressing forward with a possible $11 billion buyout of the retailer. schultz and at least four private equity firms have reportedly started examining the books of the economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all righ
further than that. a lot of people think it is a economic indicator. if financials do well the economy could follow. certainly hope so. >> "money" with melissa francis now melissa: i'm melissa francis and here's what's money tonight. is the u.s. actually in recession but we don't even know it yet? recent numbers have been terrible. many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben bernanke. the fed chairman defended his money print
a lot more on this at 8:00 a.m. today. make sure you tune into that. >>> moving on to the economy a key issue in this presidential election as you know. that's what sean hannity is talking about with the dnc vice-chairman. he is pressing him on whether or not he thinks the president has been successful turning the economy around. >> how would you grade him on the economy? >> i would say this president must have a strong job of walking into a crisis. >> give me a grade. what's the grade? >> i would give if an a. i would say the it's incomplete we want to finish the job. you and i know this the president walked into a mess, right? let's stop and think about it. >> so did ronald reagan. reagan 8 percent growth in his presidency. >> we are not debating ronald reagan. >> he had a worse economy than oba obama. he said he was inheriting it but he hasn't fixed it. we are seeing economic growth we are heading toward a recession and it's getting worse. >> we told you this yesterday stay stuned for that. right now it is time for your first degree weather update with janice dean who has more on the
the interest rates down so the economy will grow and people will be employed. number two, we have to work with cities and others to help generate economic growth in those communities -- through the urban development action grant program. i don't mind those enterprise zones, let's try them, but not as a substitute for the others. certainly education and training is crucial. if these young americans don't have the skills that make them attractive to employees, they're not going to get jobs. the next thing is to try to get more entrepreneurship in business within the reach of minorities so that these businesses are located in the communities in which they're found. the other thing is, we need the business community as well as government heavily involved in these communities to try to get economic growth. there is no question that the poor are worse off. i think the president genuinely believes that they're better off. but the figures show that about 8 million more people are below the poverty line than 4 years ago. how you can cut school lunches, how you can cut student assistance, how you c
beyond the numbers and find out if the u.s. economy is already in recession. we'll tell you what some economists are saying. if you think the situation was close. obamacare may be making its way back to the supreme court. welcome to "the willis report." gerri: hello, everybody i'm gerri willis. high-stakes of the first debate has candidates leaving. nothing to chance. president obama and governor romney racing to get in last minute prep before going face-to-face first debate next wednesday in denver that is. what should we expect? let's ask bill kristol, editor of "the weekly standard" and byron york, chief political correspondent for the "washington examiner". welcome to you both. byron, i'll start with you. what does romney have to do to show up roads in here. even voters say they don't expect him to win? >> well the thing, he has to do the same thing he had to do all along which present himself as a good alternative to the president who will take the country in a different direction than the president and can point out the numerous flaws in the president's record. i mean, i wonder
economy through the gulf. melissa: what do you think is the appropriate response? because we were talking on the show yesterday about how sanctions it seems like are not necessarily working because we highlight ad company that is going ahead and buying iranian oil and is reportedly then selling it to china? because seems like the sanctions are not necessarily that effective. >> for a simple reason, melissa that not all of those who should be putting sanctions are putting sanctions. iran is trading with everybody else than the coalition that is putting sanctions. sanctions alone won't work. they are necessary but, the only thing we need to do. number two, you have the military capacity strike. that is only when we are sure that the iranians crossed that red line. third and most important i guess is work with the iranian opposition, with iranian students and women and minorities those who took to the streets in tehran remember in june 2009? they were very close shaking up the foundation for the regime. unfortunately washington did not seize the moment there. melissa: walid, thank you very m
of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the same time, during the clinton years, we had marginal rates that were a little bit higher than they are now and we had some of the bes
obama will be there, too. remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the washington examiner's reaction to that quote. worry about obama being too professor professorial to couch-sitting beer drinkers. the polls have him ahead and bill o'reilly is here to talk about the debate and how the media will spin it. all the names at the top of the hour. bill o'reilly. and talking to college student at university of michigan as part of the job creations solutions tour, and responded to the heckler. listen to this. >> this is the-- [crowd boos] . >> usa, usa. >> and that economy 25% of the world gdp. stuart: you want to hear more of his defense of americ
on domestic issues including the economy and jobs. the second debate on the campus of hofstra university. politico has this piece about jim leher. for the first time in the 2012 campaign, the president and mitt romney will face each other in what many consider the most important even between now and november 6. for the 12th time in the history of debates, jim leher has been asked to serve as moderator making him the most experienced a moderator and the modern history, he is uniquely suited according to his contemporary. at a time when the electorate is as divided as ever and wind -- media scrutiny is -- next is hayley. welcome to the program. caller: good morning. thank you for taking my call. i am one of the people who spend every summer for the last few summers going around the nation asking questions. my main question is, what do people think politically and what they are paying attention to. you say are a third party is relevant, yes, they are. they will never get any kind of support as long as the american people are more interested in things like "dancing with the stars." that is a
on the economy and other domestic issues. the debate, itself, is built around questions from the panel. in each of its segments, a reporter will ask the candidates the same general question. then -- and this is important -- each candidate will have the chance to rebut what the other has said. and the final segment of the debate will be the closing segment, and the candidates will each have 4 minutes for their closing statements. and as i have said, mr. mondale will be the last person on the program to speak. and now i would like to add a personal note if i may. as dorothy ridings pointed out, i have been involved now in four presidential debates, either as a moderator or as a panelist. in the past, there was no problem in selecting panelists. tonight, however, there were to have been four panelists participating in this debate. the candidates were given a list of almost 100 qualified journalists from all the media and could agree on only these three fine journalists. as moderator, and on behalf of my fellow journalists, i very much regret, as does the league of women voters, that this situation
heart the middle-class and how to build an economy that works for the middle-class in this country. that is fundamentally what looking for. >> chief political correspondent carl cameron is live in boston. paul ryan is playing the old expectation games on lower xfgss for governor romney but chris christie is calling the debate a game changer. i wonder who is right. >> reporter: you got surrogates talking a lot today. they will continue until wednesday when the priangs can go face to face. today governor romney is doing his debate. president obama has arrived in las vegas and getting ready for the showdown. romney will be in denver in advantages of this. paul ryan was talking about the romney ryan ticket new framework for the race. they said referendum on president obama's record. but it's decide how to best deal with the competent. here is paul ryan trying to set the stage. >> we can have a dynamic growing economy that produces opportunity or stagnant economy that fosters dependency. we can stick with the failed policies of last four years for the next four years or a brighter futur
are trying to make up their minds. for the president that means talking about the economy, how things are still difficult but the economy is i a much better place and heading in a much better direction. for romney it will be talking about the president's failed promises and perhaps a preview of that we saw yesterday with the help of vice president biden while he was out on the campaign trail. he was describing how middle class americans will be hurt under mitt romney. and then he sort of put -- framed their plight over the last four years this way. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising taxes with these tax cuts? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes.
voter. >> i think they are talking directly to me. >> wayland's top issue, the economy. >> that's going to be the thing for me. someone that comes forward with a cohesive plan for america and where america fits into that. >> both candidates have spent hours rehearsing for this moment. they'll face each other for 90 minutes. president obama has to avoid any major missteps and explain to voters why unemployment is so high and the economic recovery so slow. >> i think what you'll hear the president do tonight is have a conversation directly with the american people about where we have been over the past four years and what we have to continue to do moving forward to strengthen our economy. >> romney who is trailing in the polls will be looking for a breakout moment. and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think that you'll hear a great deal of specifics and most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through the motions of low
of the post and sat down with hannity to discuss the economy. >> it is beyond unsustainable . poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will appear on "fox and friends" to discuss the economy and next fiscal cliff is just around the corner. there are fewer than 100 days before we reach that impending fiscal cliff. the expiration of bush tax cuts the start of a trillion dollars of budget cuts. tax magedon is unsettling to one large segment of the economy and mike emanuel explains. >> many small business owners are expressing anxiety as the u.s. economy faces the fiscal cliff. that is in tax hikes and government spending cut to do you to take affect in the new year. >> i wa
the immediate future of our economy, and the level of disappointment in barack obama held by obama supporters who will vote for him, but they are still disappointed in him. so those two things alone, i think, are going to result in a jump-ball election. but to the debate tonight, i do think it's going to be important for mitt romney. the reason i think it's going to be important for mitt romney is i think very few of us have an understanding of the ripple effect of the 47% comment that has been reported and reported and reported out there in the country. this is going to be the first time that many americans, most americans, actually, are going to see mitt romney on a stage with the president of the united states, and they're going to have to figure out, well, does he understand us? he said 47% of us, you know, are basically bust-outs. does he really understand my life? this is going to be their shot at getting a peek at that. for that reason and that reason alone, i think this debate is very important for mitt romney. >> can i pick -- >> and i think the debates -- i personally think debates
turned its focus away from the economy, the number one issue they had said time and again this year would be on voters' minds and so it's a bit of a gamble for them. they're increasing their criticism on this issue on the one hand. they think that that gives them an opening among voters, perhaps independents who are a little bit worried about this issue. but it does -- it comes at the expense of them being able to hammer the president on the economy. >> okay. so felicia, with what, 38 days to go until the election. already, gee, has time flown. mitt romney behind in all nine battleground states according to the latest nbc news/"wall street journal"/marist polls. do you get any sense of strategy from the mitt romney camp that might break through or do you think they're waiting for wednesday night and the debates to begin? >> the problem is they promised several times to reset the campaign and then reset the reset. but we've seen in the past three weeks since the national conventions have ended there really hasn't been that much of a shift in strategy when it comes to the time that the repu
some statements about the economy already in the opening remarks. so let's start with that. as governor nixon noted, the jobs increased 18,000 nearly from july to august. but the number of people in the civilian labor force, those working unemployed but actively working fell by 11,000 during the same period. so let's start off with this question. do you believe that the economy is improving or lagging behind, and what three specific things would you do to create more jobs and misery. governor nixon, your first. nixon: we are seeing that progress necessary to move forward once the jobs bill got into effect in september of 09 we have had an unemployment rate below the national leverage and today's numbers showing not only this last month gaining 17,900 jobs but also that means the third most new jobs of any state in the country shows we are beginning to make progress and it is built on a solid, solid rock of fiscal discipline, holding the line on taxes, focusing our attention on industries to make a difference. for example, that is why i call the legislature back into the special session
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
private enterprise to grow the economy. the other, his version of president obama's view is that government is still in control of everything. the challenge for governor romney and the debate on wednesday is going to be fully articulate his vision for america's future to the largest audience of his political career. >> we need to give the american people the choice we are offering. that is what we are offering. we owe the country a very clear choice of a different future. we can have a dynamic growing economy that produces opportunity or we can have a stagnant opportunity that fosters dependency. >> romney campaign is looking for a solid performance, no knock outs which the governor has become famous for. he has been avoiding those since he tried to make the with governor perry. >> what is the word on the foreign policy message for romney? >> the governor has an op-ed in the "wall street journal" saying of president obama, by failing to maintain our new, president obama has heightened the instability. he does not understand that an american policy that lacks resolve can p
and for himself. that includes foreign policy. begin talk to the campaign. we have to focus on the economy. it is the number one topic, but voters care about a lot of things. i wish he would make the broader case for romney foreign-policy and the broader chrism tough criticism of an obama foreign-policy. >> i think what you have seen is he tends to speak, especially about foreign policy, and really be vague sending generalities. we have some very specific things happening in libya. u.s. ambassador and three other americans were murdered. the investigation that the obama administration is placing some much importance on has not really started. there are a lot of specific things that run the kentuck about three failures on the part of the administration. so far he simply has not done. >> never too late to talk with the economy and what's going on. consumer confidence continues to plummet. can you take advantage of it at this point? can the president cover his tracks? >> he will try to. i kind of very much agree with the point about specifics. i think mitt romney looked at it in a big way. a
. you dig into the numbers. what is the most important issue in this first debate? the economy. look at this poll. which candidate would better handle the economy? the president, 49%, governor romney, 48%. a dead heat. the president has to defend his record. governor romney not only needs to attack his record but to convince voters he has a better place to take them if he wins the election. and you know this full well, the reason this debate and what both candidates say in the economy is so important is the friday morning after the wednesday night debate, we'll get the latest unemployment report. if governor romney could turn in a strong debate performance and another tepid jobs report, there's a chance for this race to change after debate number one. >> if you're the obama campaign, you're looking at all these numbers in our brand-new poll. what's most encouraging to you? >> reporter: in scrubbing through the demographics, the regional numbers, here's one thing they will like at the obama campaign. among white voters nationally, the president gets 41%. governor romney gets 56%. gove
under some of the strongest sanctions today. oil exports have been correct. the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear red line on iran's nuclear weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were drawn in the 1930's, world war ii might have been avoided. the first gulf war might have been avoided. clear, red lines will also work with iran. earlier this year, they thre
congressional district. >> to texas politicians, each touted as the future of their parties, debated the economy, immigration, and other issues at the "texas tribune" festival in austin. julian castro is the mayor of saying antonio and was the keynote speaker at the republican convention. tedthis is one hour. >> i think you know the drill today. i hope you will enjoy as many of those as you can. if you have phones and you're agram,ing to tweet or instr we ask you to turn off your phones. please give our sponsors a hand. [applause] we will visit for about 40 minutes. when we get started, there are phones on either i'll. we ask that of that the microphone at the appropriate -- we ask that you line up at the microphone at the program time than july 31, 2012 began with the announcement that julian caster would be the keynote speaker at the democratic national convention. the footsteps of several. before mayor castro had uttered the words menudo " gulf, speculation began. -- menudo cookoff, speculation began. july 31 was a port from which the future of texas and possibly the nation was visible. mayor
compromise is to repatriate all those overseas profit corporations are not putting back into our or economy. the largest beneficiary would be california. we want to see what the cutting edge is. most of a still look for california. -- loomost of us still look to california. what governor brown said about the traditional politics is all about taking the thing in making it fresh. to a certain extent, i tried to be a writer in college. i failed miserably. a professor said everything has been set but not everything has been said superbly. even if it had, everything must be said freshly again and again. you have to see a fresh lead to a certain extent. the real issue with -- in terms of asking the president, what are the things that matter most, a bass part of those profits would be invested in california. colorado would have a significant -- pretty much every state in the country would benefit. you look at the companies based in silicon valley. they have offices, you want to expand your business, think about those young people in colorado. everything -- stated say the same thing. that money wou
, there are really to risks and here, the obvious risk to the economy and the short-term -- and in the short term, cbo said that if all of this item good demand comes out of this economy, then we will have a mild recession in the first part of 2013, but would be back in recovery by the second half of 2013. but a recession on top of where we are already certainly would not be good the even bigger risk is the risk to the economy long term if we continue to kick the can down road and do nothing about our fiscal problems. how do we think about these two things? there is an interesting report that came out several months ago from the carlyle group. i just want to briefly read out what it has concluded. every analyst would have a grand bargain that replaces the cliff with a credible alternative the faces in a reduction over a time frame of years. but in negotiated settlement failed to realize the lame duck. those -- the most likely alternative may be a simple extension of fiscal policy. while such an extension would include the near-term growth prospects, it would also relieve the pressure to substanti
from the economy to education. >> reporter: with only hours to go before president obama and mitt romney face off for the first time , the number one issue on most people's minds , the economy. look at the new numbers from our cnn orc poll. voters are asked which candidate would handle the economy, obama and romney are tied. romney appears to have an edge on the top two economic issueses unemployment, and the budget deficit. for obama he holds the advantage on domestic issues, education, medicare, taxes, immigration and health care. these noneconomic issues are the first topics up for debate wednesday night. voters will be judging the candidates personal qualities. obama's favoritability rating
a red flag for the economy. we'll talk more about the transports and what they're telling us at 6:40. we'll also focus on the economy with the man who is charged with officially calling recessions and the end of those recessions. james poterba will be here at 7:30. and our corporate story of the morning, smartphones and mobile devices. apple launches the new iphone 5 in 22 more countries today and this comes after blackberry posted better than expected quarterly results after the bell last night. still, it is an uphill climb for this company. we'll be talking to research in motion ceo. and plus we will welcome today's political news maker, senator rand paul, one of the nation's best known tea party members. and by the way, in case you went to sleep early last night, the official nfl refs were back on the field. get this, they got a standing ovation as they took the field. the ravens beating the browns 23-16. we will have more on the game and on what's happening in sports at 6:20 eastern time. first andrew has the morning's top business headlines. >>> on the global markets agenda, results
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